Autumn Statement

Debate between Lord Deighton and Lord Lee of Trafford

Wednesday 3rd December 2014 Lords Chamber

[Lord Deighton]

The Government keep all taxes under review. With respect to taxes at the end of life, the focus of the Government has been much more on pension reform, which has been radical and generous in terms of how it will treat inheritance. In fact, my right honourable friend the Chancellor confirmed today that the tax on passing on a pension pot, which had been at 55%, will be removed. He has also introduced a similar arrangement for ISAs being passed on to spouses. While we have not yet made changes to inheritance tax, we have been thoughtful about taking care of some of the issues that complement it.

[Lord Lee of Trafford (LD)]

My Lords, I am sure that the Great Western Air Ambulance Charity and the Kent, Surrey and Sussex Air Ambulance Trust are worthy and deserving causes. Why are they the only two air ambulances that are being singled out for LIBOR money for new helicopters? What about the air ambulances throughout the rest of the country? I just do not know how the Government can operate on the basis of singling out two particular helicopters.

[Lord Deighton]

My noble friend has reached the point of exhausting my detailed knowledge. It is a good point. We are of course helping them with VAT in every case, but I am happy to write to my noble friend and explain how we have made those decisions.